Last fall when we got our property tax bill, I got to wondering about the assessed value of our land and whether it seemed too high. On our tax notices, they split out the value of the land and the value of the structures, so you can see how they’ve assessed each component. Our land has the added complication that all but one acre are in “open space AG,” (OSA) the reduced tax rate given to land that’s in active agriculture status. The land is taxed at “current use” instead of “best use”, so it’s given a lower assessed value. I decided to do a little research to see how our values compare with neighboring properties.
February 18, 2012
Inviting the Tax Man In
Posted by Michelle Canfield under Agriculture, Construction, Farming | Tags: Agriculture, Construction, Farming |[6] Comments
